Brief: First Seacoast Bancorp - Announced Execution Of Balance Sheet Repositioning Strategy Related To Its Available-For-Sale Investment Securities Portfolio

First Seacoast Bancorp

28/11/2023 22:45

Nov 28 (Reuters) - First Seacoast Bancorp Inc  FSEA.O :
    * FIRST SEACOAST BANCORP - ANNOUNCED EXECUTION OF BALANCE
SHEET
REPOSITIONING STRATEGY RELATED TO ITS AVAILABLE-FOR-SALE
INVESTMENT SECURITIES PORTFOLIO
    * FIRST SEACOAST BANCORP- SOLD $40.6 MILLION IN BOOK VALUE
OF ITS
LOWER-YIELDING INVESTMENT SECURITIES FOR AN ESTIMATED AFTER-TAX
REALIZED LOSS OF $3.1 MILLION
    * FIRST SEACOAST BANCORP INC - REPOSITIONING IS PROJECTED TO
BE
ACCRETIVE TO EARNINGS, NET INTEREST MARGIN AND RETURN ON ASSETS
IN FUTURE PERIODS

Source text for Eikon:  ID:nBw65cW0Ha 
Further company coverage:  FSEA.O 

 ((Reuters.Briefs@thomsonreuters.com;))